Norges Bank Purchases New Shares in Euronet Worldwide, Inc. $EEFT

Norges Bank purchased a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 451,250 shares of the business services provider’s stock, valued at approximately $34,345,000. Norges Bank owned 1.07% of Euronet Worldwide as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tudor Investment Corp ET AL purchased a new stake in Euronet Worldwide during the 3rd quarter valued at $42,813,000. Vanguard Group Inc. raised its holdings in Euronet Worldwide by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,767,279 shares of the business services provider’s stock valued at $286,728,000 after buying an additional 26,416 shares during the period. American Century Companies Inc. raised its holdings in Euronet Worldwide by 29.7% during the 3rd quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock valued at $152,965,000 after buying an additional 399,263 shares during the period. Voss Capital LP raised its holdings in Euronet Worldwide by 66.5% during the 3rd quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock valued at $117,665,000 after buying an additional 535,000 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Euronet Worldwide by 131.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock valued at $132,632,000 after buying an additional 744,040 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Activity

In other news, Director Thomas A. Mcdonnell purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average price of $66.87 per share, with a total value of $200,610.00. Following the transaction, the director owned 100,219 shares of the company’s stock, valued at $6,701,644.53. This represents a 3.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.19% of the company’s stock.

Euronet Worldwide Price Performance

EEFT opened at $66.09 on Tuesday. Euronet Worldwide, Inc. has a 12-month low of $63.73 and a 12-month high of $114.25. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.29. The business’s fifty day simple moving average is $69.97 and its 200-day simple moving average is $71.97. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.52 and a beta of 0.83.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Euronet Worldwide had a return on equity of 28.37% and a net margin of 7.15%.The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $969.68 million. During the same quarter in the prior year, the company earned $1.13 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. On average, equities research analysts anticipate that Euronet Worldwide, Inc. will post 9.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EEFT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their target price on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating on the stock in a research note on Friday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 target price on shares of Euronet Worldwide in a research note on Friday, May 22nd. Weiss Ratings lowered Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Finally, DA Davidson reduced their target price on Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $95.00.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.